# Power Ledger [https://www.powerledger.io/](https://www.powerledger.io/) ## Mission Power Ledger aims to accelerate the shift to renewable energy by creating a distributed, decentralised system which helps ensure equal and affordable access to clean energy. Leveraging blockchain technology, Power Ledger have developed an energy and flexibility trading platform to enable users interacting on the grid to track and trade energy in real-time. ## What it is Power Ledger's platform provides track and trade features, which provides customers with a choice over the energy they're using, whilst also facilitating peer-to-peer trading. **xGrid** enables households and businesses to sell energy generated from their solar panels to other energy consumers connected across the same electricity grid. Trades can be made without any regard to the customers' retailer. **uGrid** enables energy trading within microgrids, and is designed for larger applications such as apartment buildings. Residents can use the energy produced from solar panels on their roof, and monetise roof space by trading solar energy with each other. This means that residents can buy from those closest to them, keeping the investment, profit and benefit of renewables within the community. Power Ledger has a range of other products and features being developed, for instance** C6** - which is used to verify, report and measure carbon credits and renewable energy credits. By tokenising credits, enabling them to be sold, Power Ledger has developed a decentralised digital marketplace for these renewable energy and carbon credits - called **C6+**. ## How it works **xGrid** matches consumption and production at every interval, taking into account the buyer and seller's chosen price and available supply and demand. It also provides transaction data, which is tracked by blockchain technology, including volume and price. This is integrated into existing billing systems or settled on the platform. **uGrid** enables greater return on investments, as it provides usage data and consumption tracking to identify where the bulk of energy is being used. This allows you to track consumption and be more energy efficient in common areas, through better management. This translates into lower energy costs for the building, and thus cheaper rates for residents, in comparison with traditional providers. Access to the Power Ledger platform is controlled by **POWR** tokens, which are required to use the platform and its full features. Whilst these are used to trade on the platform, they are also valid anywhere in the world, encouraging wider participation. ## Challenges Whilst Power Ledger promotes the move to renewable energy, making it cheaper and more accessible, it must achieve wide-scale adoption to be a truly disruptive business in the energy sector. To do this, it must overcome barriers of scepticism, inertia and fears around volatility, which are associated with cryptocurrency and blockchain. ##### Sources: https://www.powerledger.io/ https://www.coinbureau.com/review/power-ledger-powr/ #pn